E T Consultant
Job #:
req38916
Organization:
World Bank
Sector:
Financial Sector
Grade:
ET3
Term Duration:
2 years 0 months
Recruitment Type:
International Recruitment
Location:
Washington, DC,United States
Required Language(s):
English, French
Preferred Language(s):
Closing Date:
10/30/2026 (MM/DD/YYYY) at 11:59pm UTC
Description
The World Bank's Finance, Competitiveness & Innovation (FCI) Global Practice is engaged in a growing portfolio of work at the intersection of disaster risk finance (DRF), sustainable finance and job creation across Africa. This portfolio spans sovereign insurance solutions, de-risking instruments, green and blue finance strategies, and sustainable finance architecture design in fragile, conflict-affected, and small island developing state (SIDS) contexts.
In Burundi and the Democratic Republic of Congo (DRC), the Bank is implementing and preparing the Regional Emergency Preparedness and Access to Inclusive Recovery (REPAIR) program. A core component of this program is its implementation in DRC, with the development of sovereign parametric insurance solutions, the design and operationalization of post-disaster delivery channels to reach households and small businesses affected by natural hazard shocks, all in a fragile and complex environmental and social context. This include a channel for small business which would be implemented by the existing partial credit guarantee fund.
In addition, in those two countries, the Bank is engaged in the operationalization of agriculture insurance schemes which are aligned with the Agri connect initiative and require strategic direction regarding the use of subsidies, private sector engagement and links with financial inclusion.
In the DRC, the Bank has recently approved an additional financing to the TRANSFORME Project to support the expansion of the guarantee fund to renewable energy financing for MSMEs and the opening of a new guarantee window (with higher coverage of 70%) to specifically support women-entrepreneurs.
In Mauritius, under the leadership of the Environment Department of the Africa East (AFE) region, the Bank is supporting the design and operationalization of a comprehensive Climate Finance Architecture for the country. This framework will align with national climate and green growth priorities to mobilize efficiently and channel public and private investments that advance NDC implementation, strengthen adaptation and resilience outcomes, and deploy de-risking instruments that catalyze private sector participation.
Objectives
The ET3 Consultant will provide strategic and technical leadership across the following workstreams:
• Burundi & DRC REPAIR - finalize the design and operationalization of the REPAIR program and oversee implementation (including delivery channels, operational preparedness of Ministries of Finance and delivery partners, technical assistance, fund flows, sovereign insurance solutions, activation requests, impact assessments, accountability, peer-to-peer exchanges, and reserve management policy review).
• Agriculture insurance (Burundi & DRC) - provide strategic direction to ensure sound technical design and long-term sustainability of agriculture insurance schemes for smallholder farmers.
• Partial credit guarantee funds (DRC) - oversee the establishment of the new window for female entrepreneurs, the participation agreements with financial institutions and provide strategic directions for a rapid implementation in a sustainable manner and with appropriate risk management. Oversee the implementation of a shock responsive window within REPAIR.
• Mauritius - support the design and operationalization of a comprehensive climate finance architecture aligned with national NDC and green growth priorities.
Scope of Work and Detailed Tasks
1. Regional Emergency Preparedness and Access to Inclusive Recovery (REPAIR) Program
A. DRC and Burundi - Technical Dialogue on Sovereign Insurance Solutions
• Support government counterparts in understanding the technical features and operational mechanics of parametric insurance products, including basis risk, trigger design, and payout processes.
• Liaise with the PIU and insurance brokers to develop country-specific coverage options and pricing scenarios.
• Coordinate with the Bank's global DRF team for quality assurance and peer review of technical outputs.
• Produce training and capacity-building materials to build consensus among stakeholders on preferred insurance solutions.
B. Identification and Design of Post-Disaster Delivery Channels
• Assist Ministries of Finance in identifying, screening, and selecting appropriate delivery channels for the rapid disbursement of post-disaster funds to affected populations and businesses.
• Prepare performance contracts and governance frameworks between Ministries and selected delivery channel institutions.
• Assist the partial credit guarantee fund in setting up a shock response window for MSME affected by disasters.
C. Review of REPAIR Activations
Upon activation: assist Ministries of Finance in selecting impactful response activities that provide value for money.
• After activation, provide strategic direction and technical inputs to the assessment of the appropriate use of funds and their impact.
D. DRC-Specific Tasks
• Support the design of a crisis response window and liquidity facility for small and micro enterprises affected by disaster shocks, in coordination with financial sector partners.
• Elaborate framework contracts for World Bank PIUs and International NGOs involved in REPAIR fund channeling.
• Prepare an information pack exploring the direct transfer of insurance proceeds from trust reserves to delivery channels, including legal and operational modalities.
• Support the development of a partnership framework between a local university, the insurance regulator, and the private insurance industry to create a new curriculum and professional certification program for the insurance sector.
• Support the PIU in REPAIR project implementation and ensure smooth coordination with ARC Ltd. acting as trust fund manager.
E. Burundi-Specific Tasks
• Support ARC with the documentation and processing of the first withdrawal requests submitted by the Ministry of Finance.
• Review the adequacy and performance of the delivery channels.
• Perform monitoring missions every six months.
REPAIR transversal tasks
• Advise ARC Limited on peer-to-peer exchanges and review the technical quality of activities and training materials.
• Review the adequacy of the reserves management policy and the performance of the fund manager, and propose adjustments to ARC Limited and the fund manager.
2. Partial Credit Guarantee Fund (DRC)
In addition to the work under REPAIR, the Consultant will also lead the strategic and technical advice under TRANSFORME to set up the new guarantee window for female entrepreneurs.
• Review the participation agreements and the operational manual.
• Support the launch of the new window.
• Oversee the implementation according to risk-based criteria - review the financial health of the portfolio and of participating institutions.
3. Agriculture insurance (DRC and Burundi)
Review the agricultural risk landscape, existing insurance market infrastructure, and regulatory environments, and provide recommendations to strengthen and scale schemes.
• Review the design of the insurance pool and reinsurance arrangement.
• Identify key barriers and provide recommendations on how the schemes could be scaled up.
• Provide recommendations on the cost-effective use of subsidies to ensure financial sustainability.
4. Support green growth in Mauritius (possible extension to other countries)
• Support the Ministry of Environment and the Climate Finance Unit in finalizing a pipeline of investments and reforms to enable adaptation and mitigation investments.
• Support the design and conduct a feasibility study for a de-risking mechanism in Mauritius with thematic windows (MSMEs, blue economy, green investments, emergency liquidity).
• Extend the platform in Mauritius to other modules: public budgeting, development of marketplace feature, development of small large language models to build an climate investment budget
• As the case may be, develop a similar platform in other countries (request have been received from Somalia and Uganda).
In addition, the consultant may be called upon to provide cross-support in Africa or MENA.
Selection Criteria
• Advanced degree (Master's or PhD) in finance, economics, environmental economics, public policy, or a related field.
Experience
• Minimum of 15 years of professional experience, including 5-8 years in climate finance, disaster risk finance, sustainable finance, or related areas.
• Professional experience working for a Central Bank and/or providing technical assistance to Central Banks is desirable.
• Experience investing in private sector entities (e.g., microfinance, MSME lending, energy, agri-lending) with a DFI, MDB, or private investment fund is desirable.
• Demonstrated experience in developing-country contexts, preferably in Sub-Saharan Africa and/or MENA.
• Experience working with or supporting governments on financial sector policy, risk management, or climate strategy.
Technical skills
• Strong knowledge of climate finance instruments, including parametric insurance, blended finance, green bonds, and concessional lending.
• Familiarity with NDC implementation frameworks and climate investment planning and facilitation.
• Capacity to evaluate investments and identify blocking and enabling measures.
• Advanced knowledge of financial stability, financial institutions supervision, and financial systems in crisis contexts is essential, including understanding of the Lebanon financial and economic crisis.
• Knowledge of ESG frameworks, sustainable finance taxonomies, and disclosure standards.
• Ability to produce high-quality analytical and policy documents, presentations, and training materials.
Language
• Full professional proficiency in English and French required.
World Bank Group Core Competencies
As per WBG policy, an Extended Term (ET) appointment is subject to a lifetime maximum of three (3) years. Former and current ET staff who have completed or are in the process of completing their third-year ET appointment are not eligible for future ET appointments.
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